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S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Stock market today: Another winning week for Wall Street ends with more records
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
One year after buying a failed bank, New York Community Bancorp is struggling
Laser breakthrough could send stock soaring 2,467% (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Stock market today: Another winning week for Wall Street ends with more records
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
One year after buying a failed bank, New York Community Bancorp is struggling
Laser breakthrough could send stock soaring 2,467% (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Stock market today: Another winning week for Wall Street ends with more records
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
One year after buying a failed bank, New York Community Bancorp is struggling
Laser breakthrough could send stock soaring 2,467% (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
NYSE:WPM

Wheaton Precious Metals (WPM) Stock Price, News & Analysis

$41.98
+0.79 (+1.92%)
(As of 03/1/2024 ET)
Today's Range
$41.05
$42.62
50-Day Range
$39.19
$50.45
52-Week Range
$38.37
$52.76
Volume
3.12 million shs
Average Volume
2.06 million shs
Market Capitalization
$19.02 billion
P/E Ratio
35.28
Dividend Yield
1.43%
Price Target
$52.70

Wheaton Precious Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
25.5% Upside
$52.70 Price Target
Short Interest
Bearish
3.57% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.48
Upright™ Environmental Score
News Sentiment
0.83mentions of Wheaton Precious Metals in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.18%
From $1.12 to $1.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.79 out of 5 stars

Basic Materials Sector

10th out of 175 stocks

Gold & Silver Ores Industry

4th out of 36 stocks


WPM stock logo

About Wheaton Precious Metals Stock (NYSE:WPM)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 10, 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.

WPM Stock Price History

WPM Stock News Headlines

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Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
WPM Mar 2024 48.000 put
Wheaton Precious Metals Corp.
Wheaton Precious Metals' Stock Tanks: Time To Buy?
Wheaton Precious Metals (NYSE:WPM) Lowered to Hold at TD Securities
Silver Demand Set to Meet Second-Highest Level on Record
See More Headlines
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Company Calendar

Last Earnings
8/11/2023
Ex-Dividend for 12/8 Dividend
11/27/2023
Dividend Payable
12/08/2023
Today
3/01/2024
Next Earnings (Estimated)
3/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
Employees
42
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.70
High Stock Price Target
$70.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+25.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
12 Analysts

Profitability

Net Income
$669.13 million
Pretax Margin
56.22%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Cash Flow
$1.72 per share
Book Value
$14.85 per share

Miscellaneous

Free Float
N/A
Market Cap
$19.02 billion
Optionable
Optionable
Beta
0.80
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Should I Buy Wheaton Precious Metals Stock? WPM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Wheaton Precious Metals was last updated on Tuesday, February 27, 2024 at 2:14 PM.

Pros

Here are some ways that investors could benefit from investing in Wheaton Precious Metals Corp.:

  • Wheaton Precious Metals Corp. has a diversified portfolio of precious metals including gold, silver, palladium, and cobalt, providing exposure to multiple valuable commodities.
  • The company operates in North America, Europe, and South America, tapping into various markets and potentially reducing geographic risk.
  • Recent positive earnings estimates and performance may indicate a strong financial outlook for the company, potentially attracting investors seeking growth opportunities.
  • Wheaton Precious Metals Corp.'s name change in 2017 could signify a strategic rebranding effort that aligns with the company's future goals and vision.
  • Current stock price trends and market analysis suggest a favorable position for investors looking to capitalize on potential price appreciation.

Cons

Investors should be bearish about investing in Wheaton Precious Metals Corp. for these reasons:

  • Volatility in precious metal prices could impact the company's revenue and profitability, leading to fluctuations in stock performance.
  • Regulatory changes or geopolitical factors in regions where Wheaton Precious Metals Corp. operates may pose risks to its operations and financial stability.
  • Investing in precious metals can be influenced by macroeconomic factors like inflation rates and currency fluctuations, affecting the company's bottom line.
  • Competitive pressures within the gold and silver industry could impact Wheaton Precious Metals Corp.'s market share and pricing power, potentially affecting investor returns.
  • Environmental and sustainability concerns related to mining activities could lead to increased scrutiny and potential costs for compliance, impacting the company's operations and reputation.














WPM Stock Analysis - Frequently Asked Questions

Should I buy or sell Wheaton Precious Metals stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last twelve months. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WPM shares.
View WPM analyst ratings
or view top-rated stocks.

What is Wheaton Precious Metals' stock price target for 2024?

12 Wall Street analysts have issued 12-month price objectives for Wheaton Precious Metals' shares. Their WPM share price targets range from $37.00 to $70.00. On average, they anticipate the company's share price to reach $52.70 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
View analysts price targets for WPM
or view top-rated stocks among Wall Street analysts.

How have WPM shares performed in 2024?

Wheaton Precious Metals' stock was trading at $49.34 at the beginning of the year. Since then, WPM shares have decreased by 14.9% and is now trading at $41.98.
View the best growth stocks for 2024 here
.

When is Wheaton Precious Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our WPM earnings forecast
.

How were Wheaton Precious Metals' earnings last quarter?

Wheaton Precious Metals Corp. (NYSE:WPM) issued its quarterly earnings results on Friday, August, 11th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The business earned $264.97 million during the quarter, compared to analysts' expectations of $250.73 million. Wheaton Precious Metals had a trailing twelve-month return on equity of 6.94% and a net margin of 57.03%. The firm's revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS.

How often does Wheaton Precious Metals pay dividends? What is the dividend yield for Wheaton Precious Metals?

Wheaton Precious Metals declared a quarterly dividend on Thursday, November 9th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.15 per share on Friday, December 8th. This represents a $0.60 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Monday, November 27th.
Read our dividend analysis for WPM
.

Is Wheaton Precious Metals a good dividend stock?

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.51%. The dividend payout ratio is 50.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 46.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

What ETF holds Wheaton Precious Metals' stock ?

iShares North American Natural Resources ETF holds 112,445 shares of WPM stock, representing 0.84% of its portfolio.

What other stocks do shareholders of Wheaton Precious Metals own?
Who are Wheaton Precious Metals' major shareholders?

Wheaton Precious Metals' stock is owned by many different institutional and retail investors. Top institutional shareholders include Capital World Investors (6.77%), First Eagle Investment Management LLC (4.66%), Van ECK Associates Corp (4.53%), Vanguard Group Inc. (3.64%), FIL Ltd (2.35%) and Norges Bank (1.73%). Insiders that own company stock include Chantal Gosselin, Curzio Domenico Bernardi, Douglas Martin Holtby, Eduardo Luna, Gary Duncan Brown, Haytham Henry Hodaly, John Brough, Patrick Eugene Drouin, Randy Smallwood and Randy V J Smallwood.
View institutional ownership trends
.

How do I buy shares of Wheaton Precious Metals?

Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WPM) was last updated on 3/2/2024 by MarketBeat.com Staff